Time to renegotiate?
#91
Racer
Only the dealer knows how deep / solid the waiting list is. The OP can ask for a discount but if the demand is still there, most likely the dealer will not agree. At that point, its a game of chicken and the OP will have to be willing to walk away from the car and risk losing his allocation. The dealer wont give up margin unless they have to.. This is not a dime a dozen Macan we are talking about.
People are still spending money on cars. All one has to do is monitor BAT...
People are still spending money on cars. All one has to do is monitor BAT...
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junior tractor (04-13-2020)
#92
Rennlist Member
I have a Spyder entering production soon. Paid full MRSP and some other BS fees (dealer car prep, etc - in Canada. I am thinking about cancelling or at least renegotiate the deal. The economic waters are changing. Porsche certainly had the high ground with more demand than allocations. Has that changed now?
Pretty much last week I decided I was going to get a GT4/Spyder my friend decided the same; as we both called around it become pretty apart there are no "deals" on GT4/Spyders, with a few asking over MSRP everyone had differing levels of deposits. Locally ended up being the best route for me to go (always my preferred route to). I do honor deals even if I take a loss.... Had a watch a few weeks ago that I had agreed to buy but had not paid for or picked up yet then covid hit, I still got it re sold it and took the hit but I have a established relationship there. I think a lot of it comes down to your relationship in the deal and if you value it. We all want the best deal of course but I always want to maintain a good relationship at the end of the day.
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#93
Burning Brakes
I suspect demand for GT4/Spyder is still high and with production being closed, supply is even more limited. Certainly a few folks may have dropped out, but I believe the waiting list wasn't empty yet.
#94
Rennlist Member
#95
Pretty much last week I decided I was going to get a GT4/Spyder my friend decided the same; as we both called around it become pretty apart there are no "deals" on GT4/Spyders, with a few asking over MSRP everyone had differing levels of deposits. Locally ended up being the best route for me to go (always my preferred route to). I do honor deals even if I take a loss.... Had a watch a few weeks ago that I had agreed to buy but had not paid for or picked up yet then covid hit, I still got it re sold it and took the hit but I have a established relationship there. I think a lot of it comes down to your relationship in the deal and if you value it. We all want the best deal of course but I always want to maintain a good relationship at the end of the day.
#96
Rennlist Member
Pretty much last week I decided I was going to get a GT4/Spyder my friend decided the same; as we both called around it become pretty apart there are no "deals" on GT4/Spyders, with a few asking over MSRP everyone had differing levels of deposits. Locally ended up being the best route for me to go (always my preferred route to). I do honor deals even if I take a loss.... Had a watch a few weeks ago that I had agreed to buy but had not paid for or picked up yet then covid hit, I still got it re sold it and took the hit but I have a established relationship there. I think a lot of it comes down to your relationship in the deal and if you value it. We all want the best deal of course but I always want to maintain a good relationship at the end of the day.
#97
Rennlist Member
The sports car market has been in a glut for a few years already even if a single new spyder ot gt4 doesn’t get made.
#98
Rennlist Member
Right. They will ask each person on the list to pay MSRP. If number one passes, they will go to 2, and so on. If they get near the bottom of the list and everyone says, "Pass", then things will get interesting. As of now, there aren't any real cars to sell so nothing can move. As V250 dates approach and buyers are asked to put down bigger deposits, the dealers will be able to see the reality of the situation. However, if those V250 deposits are still refundable (I can't find anything definitive if they are for my state or elsewhere), it still won't mean much. That's why I think the smartest and fairest thing for Porsche to do is to freeze all V250 lock-ins until the fog begins to clear, even if that's 6 months from now. It just doesn't seem ethical (I don't know if ethics apply to car dealers) to me to require non-refundable deposits on a car with a completely unknown delivery date. But as long as the deposits are refundable, there isn't much risk to the buyer. Even if the factories start to reopen this month, each country or each state could still be in lock down for many months. What good would it do to have your car sitting in a port for many months (if not a year)? I still want my Spyder, but I won't make a non-refundable payment at V250 stage next month unless there is a clear end in sight.
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ISPYA718 (04-13-2020)
#99
#100
Rennlist Member
#101
This. I think that many dealers are going to struggle to keep the doors open and keep their people employed, and that is not a good thing. I also think that, come summer time, given he huge glut of high end sports cars out there for sale, some private owners are going to have to sell cars at much lower prices, and that makes me sad as well. I think the situation is far worse than people want to believe and that scares me a bit.
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AlexCeres (04-14-2020)
#102
https://www.nysenate.gov/legislation/laws/GBS/396-P%2A2
#103
Rennlist Member
Not sure about PA, but here's one from NY for example. #3. Some state have laws, others don't. It's always good practice to get it in writing regardless.
https://www.nysenate.gov/legislation/laws/GBS/396-P%2A2
https://www.nysenate.gov/legislation/laws/GBS/396-P%2A2
#104
Rennlist Member
#105
RL Community Team
Rennlist Member
Rennlist Member
That’s pretty clear that after the order is placed, the deposit is NOT refundable unless the purchaser wishes to cancel the contract because the car was damaged or it is not delivered within 30 days of the estimated delivery date. Those are the only two escape options I see. I think that is going to be the case in most states. If you decided to not take possession of the car becauseyou find yourself in financial hardship, ill health, a family emergency, etc, then you are SOL by the letter of the law. That makes sense during normal times, but it doesn’t make sense now. Car manufacturers and dealers need to accept some extra risk during these times. They can’t just throw it all on us, Like you said, that would need to be in writing obviously.
Some domestic manufacturers are offering deals and incentives to customers, but don't think this is standard practice for hi-end marques like Porsche, Ferrari, Lamborghini etc. Hard to make an argument that you need a Porsche to go get milk and bread...